Terms & conditions

This site is presented for information purposes only. It is intended for your personal, non-commercial use. No information
or opinions contained in this site constitute a solicitation or offer by Blackshield Capital Management, Blackshield
to buy or sell securities or to furnish any investment advice or service.

This site is presented for information purposes only. It is intended for your personal, non-commercial use. No information
or opinions contained in this site constitute a solicitation or offer by Blackshield Capital Management, Blackshield
to buy or sell securities or to furnish any investment advice or service.

This site is intended as a general introduction to Blackshield and its products. It does not provide specific investment
advice nor does it represent that the services described are suitable for any specific investor. Moreover, the information
contained in this site does not provide a basis for making a fully informed investment decision. Those considering an investment
in a Blackshield Fund should request a copy of that fund’s offering documents. Also, please note that investment in markets
traded by the Phynance Funds involve significant risk. Furthermore, past performance does not guarantee future results.

The contents of this site are not intended for distribution to, or use by, any individual or entity in any jurisdiction
where their distribution or use would be contrary to local law or regulation or which would subject Blackshield to registration
with the jurisdiction. You should be aware that any rules and/or regulations applicable to providing financial services (and
the resultant investor protections that may be available), may not apply to persons who obtain information from the internet
and its various applications, of which this material forms part.

Information contained on this site, including pricing, valuation, and commentary on any markets traded by Blackshield, reflects
Blackshield’s analysis and other information available as at, either the time such information was posted in the site or
as otherwise at the date indicated. While any opinions, commentaries, data, pricing and all other information contained on
this site are believed to be reliable, Blackshield cannot and does not guarantee its accuracy, timeliness or completeness,
nor is Blackshield under any obligation to update such information.

Neither Blackshield nor any of its directors, officers or employees, nor any third party vendor will be liable or responsible
for any loss or damage that you may incur from any cause relating to your access to, inability to access, or use of the site
or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Blackshield
or of any vendor providing software or services support. In no event will Blackshield or any third party vendor be liable
to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Blackshield
or any other party had been advised of the possibility that these damages might occur.

By accessing or using this website (the “Site”) of Blackshield, you hereby accept and agree to comply with these Terms and
Conditions of Use.